Measuring drilling performance with suitable KPIs

This chart shows BHA system performance by year when the rotary steerable system is the primary drive mechanism. (Image courtesy of Schlumberger)For many years, the operator and service sectors have spent countless hours discussing the notion of good and poor drilling system performance. Almost all have attempted, with varying degrees of success, to measure this performance and to use that measurement to gauge themselves against their peers and competitors.Success in such an undertaking comes down to ensuring that the metric used is really measuring what is important to your operation...